Financial Performance - The company's operating revenue for 2020 was approximately ¥250.40 million, a decrease of 17.55% compared to ¥303.69 million in 2019[22]. - Net profit attributable to shareholders increased by 8.36% to ¥47.74 million, up from ¥44.06 million in the previous year[22]. - The net cash flow from operating activities decreased by 22.86% to ¥23.53 million, primarily due to the impact of the COVID-19 pandemic[24]. - The company's total assets increased by 66.79% to ¥878.79 million, driven by the funds raised from the initial public offering[24]. - The net assets attributable to shareholders grew by 110.69% to ¥707.91 million, reflecting the increase in capital from the IPO[24]. - Basic earnings per share remained stable at ¥0.64, with diluted earnings per share also at ¥0.64[23]. - The proportion of R&D investment to operating revenue increased to 4.46%, up from 3.61% in 2019[23]. - The net profit after deducting non-recurring gains and losses decreased by 12.52% to ¥37.58 million[22]. - The weighted average return on net assets decreased by 3.20 percentage points to 10.83%[23]. - The company achieved a solidification strength of over 100 kPa for dewatered sludge within 7 days, indicating strong performance in resource utilization[58]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares, totaling RMB 18,368,000.00, with a cash dividend ratio of 38.47% for the year[5]. - The company has not proposed any stock bonus or capital reserve transfer to increase share capital for the year[5]. - In 2020, the company distributed a cash dividend of 2.00 CNY per share, totaling 18,368,000 CNY, with a net profit attributable to ordinary shareholders of 47,740,797.49 CNY, representing a payout ratio of 38.47%[152]. - The company did not propose any cash profit distribution plan for the reporting period despite having positive distributable profits for ordinary shareholders[153]. Operational Risks and Compliance - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures for providing guarantees[7]. - The company emphasizes the importance of accurate and complete financial reporting, as confirmed by the audit report from Da Xin Accounting Firm[7]. - The company has not reported any instances of non-compliance with performance commitments or significant asset impairment during the reporting period[168]. Technology and Innovation - The company has a core technology system for sludge dewatering and solidification integration, which includes multiple patents and proprietary technologies[11]. - The company focuses on high-water-content waste management, including river and lake sludge, engineering mud, and industrial residue[11]. - The company has developed core technologies such as integrated sludge dewatering and solidification, which have been recognized as internationally advanced and are crucial for handling high-water-content waste[50]. - The company’s technology for microbial solid-state fermentation of industrial residues is positioned to alleviate feed supply shortages in the livestock industry while addressing environmental concerns[48]. - The company has implemented a high-pressure gas return system during the dehydration process, improving feed efficiency and material utilization[58]. - The company has established a comprehensive environmental management system to enhance project management capabilities and provide a basis for new project development[66]. Market Expansion and Strategic Partnerships - The company plans to actively expand its business nationwide to reduce regional concentration risks[108]. - The company is focusing on expanding its market presence in nine provinces, including Hubei, Zhejiang, and Guangdong, to strengthen its competitive advantage in industrial solid waste treatment[141]. - The company established a joint venture with Changjiang Ecological Environmental Group to enhance its capabilities in water environment governance and solid waste disposal[84]. - The company has established a joint venture with the government of Renhuai City to develop a project for the resource utilization of distiller's grains, expected to significantly increase the volume of environmental treatment and bio-feed production[141]. Research and Development - Total R&D expenditure for the year was ¥11,169,090.59, an increase of 1.98% from the previous year's ¥10,952,676.07[62]. - The company applied for 33 new patents during the reporting period and was granted 26, including 2 invention patents and 24 utility model patents[60]. - The company has a total of 35 new patent technologies added during the reporting period, including 4 invention patents and 31 utility model patents[60]. - The company is currently working on several projects, including a total investment of ¥500,000 for the alkali residue treatment and resource utilization project, with ¥191,990 invested to date[65]. Environmental and Social Responsibility - The company actively fulfilled social responsibilities during the COVID-19 pandemic, donating RMB 100,000 and maintaining salary payments without layoffs[200]. - The company has taken measures to treat pollutants to meet environmental discharge standards, ensuring compliance with national regulations[200]. - The company has optimized its employee training programs to stimulate innovation and improve employee development[196]. - The company participates in social security systems, providing various insurance benefits to employees, enhancing their sense of value and belonging[196]. Financial Management and Capital Structure - The company reported a significant increase in capital reserves to ¥466,122,814.90, up 182.66% from the previous period, attributed to funds raised from the IPO[125]. - The company has a total guarantee amount of RMB 1,000.00 million, which accounts for 1.35% of the company's net assets[184]. - The company has invested RMB 28,298.51 million in bank wealth management products using idle raised funds, with no overdue amounts[187]. - The company has approved the use of idle raised funds for cash management, with a limit not exceeding RMB 324,174,840.48, valid for 12 months from the board's approval date[187].

2020 年第三季度报告 公司代码：688156 公司简称：路德环境 路德环境科技股份有限公司 2020 年第三季度报告 1 / 29 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 8 | | 四、 | 附录 | 11 | 2020 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 3 / 29 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年 度末增减(%) 总资产 830,892,498.48 526,872,483.00 57.70 归属于上市公司股 东的净资产 682,512,134.59 335,990,591.16 103.13 年初至报告期末 （1-9 月） 上年初至上年报告期 末（1-9 月） 比上年同期增减(%) 经营活动产生的现 金流量净额 12,586,335.92 -4,414,386.59 385.12 年初至报告期末 （1-9 月） 上年初至上年报告期 末（1-9 月） 比上年同期增减（%） 营业收入 150,462,403.57 240,568, ...